PLUS...Repurchasing more shares! By far, one of the strongest share buyback programs I've ever seen based on % of outstanding shares!
January 1, 2004 through January 31, 2004, ePlus bought back 187,500 shares at an average of $14.06 per share!
Between Feb & March of '04, 174,000 shares were repurchased at an average of $13.65 a share.
39,000 shares were repurchased in April.
In May they increased the cumulative purchase maximum amount from $7,500,000 to $12,000,000.
On Nov 18, 2004, ePlus announced another stock repurchasing program.
Between Nov & Dec of 2004, ePlus bought back 19,032 shares.
Today they amended their current stock repurchasing program to increase the cumulative maximum repurchases to $12,500,000 from the prior cumulative maximum amount of $7,500,000.
Shares outstanding now = below 8.95M.
Approx. 2M shares have been bought back since Sept, '01. That equals out to almost 20% of total shares outstanding.
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
